Here's why car insurance is going thru the roof (CNBC Video)

[beenz]

they blaming smartphones and the rising cost of repairing these newer vehicles with all these computers and what not.



I'm not sure why an industry that we are legally forced to patronize is allowed to have double digit percentage price increases either.

they also using credit scores to determine rates, which is some fukked up bullshyt despite your driving record.

 

[beenz]

wait a minute, they also charing us more living in a minority community

no wonder my shyt is going thru the roof

 

[GoAggieGo.]

Man, I was just b*tching to my ole lady about my price increase yesterday.

Not only am I having to pay more for living in a minority community, but me living so close to the airport plays a part in my rates as well. Sh*t is ridiculous.

 

[beenz]

Man, I was just b*tching to my ole lady about my price increase yesterday.

Not only am I having to pay more for living in a minority community, but me living so close to the airport plays a part in my rates as well. Sh*t is ridiculous.

my car is 9 years old. my shyt should be going down if anything since the car is depreciating and worth less and less each year. If I total it 2 years from now, they aren't gonna cut me the same size check that I'd get if I totaled it today.

 

[Apollo Creed]

Man, I was just b*tching to my ole lady about my price increase yesterday.

Not only am I having to pay more for living in a minority community, but me living so close to the airport plays a part in my rates as well. Sh*t is ridiculous.

Breh I drive less than 5k miles a year and have no tickets or accidents and my shyt has jumped through the roof

 

[BunchePark]

insurance is for the inevitable not the unforeseen...most people think its the opposite

whole game is rigged

but you already knew that

 

[Art Barr]

Yo.

For my Chicago people.

On 87th....is the car insurance place still open there.


I swear before gawd. I would give anything to walk in there and pay a hundred dollars for liability insurance for a year.

I hate the digital meets legislation era of insurance.

Got fraud people calling.
No way to trust unless you go to geico direct.


This shyt some bullshyt.
Do not let somebody hit you either. You will be all broke tha fukk up. Where they value your car more than you.

Plus will renig on getting you patched back up. Forcing you to sue and take some bullshyt settlement that covers nuffin whatsoever.



Art Barr

*misses Eagleman.
Misses those low rates.

 

[winb83]

My 6 month premium went from $455 to $623. Granted I bought a 2024 car from a 2016 model but damn.

 

[trapnerd]

It costs 6k a year to insure our three vehicles. A 6 year old ford, a 3 year old mazda, and an old ass Chevy truck with liability only…. no tickets or at fault accidents either.

Fk florida.

 

[⠀X ⠀]

My car is like 22 years old, I only drive it once a week and my rates are stupid high

 

[Remote]

Looks like this is starting to impact people.

I have friends who are angry about price increases now.

 

[50CentStan]

Home insurance and auto insurance is raping everyone

 

[GoAggieGo.]

Needs to be a cap on insurance premiums. People out here paying 4 and 500 a month in insurance. It’s no wonder you got folks driving out here without it.

 

[beenz]

mine is set to renew in about 2 months and they just sent me the new bill that jumps me from like $600 to $820. needless to say, I'll be shopping around for new insurance.

 

[Heretic]

The real reason is because of California. A lot of the big insurance companies are cutting back on servicing California because of the insurance laws there, and the fact that there are so many hit and runs, unlicensed drivers, and ridiculous amounts of insurance fraud there and the police do nothing about it. So companies are scaling back there and making up the difference with us.